of May 13, 2019 No. UP-5715
About additional measures for development and expansion of the market of mortgage lending
Expansion in 2016 - 2018 of practice of mortgage lending allowed to enter over 82 thousand units of housing therefore about 400 thousand people in all regions of the country could improve the housing conditions.
Consecutive implementation of target state programs on construction of available apartment houses in the rural zone and apartment houses in the cities, housing for young families, the military personnel, employees of state-financed organizations and other categories of the population continues (further - target programs). On the specified purposes commercial banks of the republic issue mortgage loans on the amount over 10 trillion sum.
At the same time need of development of the housing sector of the country causes acceptance of additional measures for enhancement of mechanisms of mortgage lending and to increase in availability of mortgage loans to all categories of the population on the basis of the market principles.
For the purpose of consecutive increase in level of living of the population, further enhancement and expansion of practice of use of mechanisms of mortgage lending, and also creation of additional opportunities and incentives for development of the construction industry and the industry in production of construction materials:
1. Take into consideration that by the Ministry of Finance of the Republic of Uzbekistan together with Asian Development Bank (further - ABR) the concept of realization in 2019 - 2021 of the Development program of the mortgage market in Uzbekistan within which allocation of ABR of loan in the amount of 200 million US dollars on creation of steady system of long-term mortgage financing on the basis of the market principles is provided is developed.
2. Agree with offers of the Ministry of Finance, Ministry of Economy and Industry, Central bank of the Republic of Uzbekistan and commercial banks:
about organization the Ministry of Finance of the Republic of Uzbekistan of the Company on refinancing of mortgage (further - the Company) in the form of joint-stock company with the original authorized capital in the amount of 25 billion sum;
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